The feasibility study was extremely conservative. Rob Brierley did a presentation recently, and was asked how much the company would make, he said AUD$70mil, at the time the IO price was US$120.
With the company in its current situation and potential, the SP should be around 4x what it is currently and will get there sometime this year.
Ive invested in this company with a view to sell some once it reaches my target SP, and free carry the rest into the future hoping management keeps kicking goals.
This company could go anywhere if management can acquire more projects and expand into the future. Once upon a time Fortescue was 3c.
All IMO DYOR
fex 2021, page-10
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32.5¢ |
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Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $286.0K | 873.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29326 | 32.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 28000 | 1 |
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